what is the value of a 1885 silver dollar

Now that you know the value of your coins, do you know where to sell those coins online easily? Don’t worry, I’ve compiled a list of these sites, including their introduction, pros, and cons. Interestingly, most of these coins were not released into circulation and remained in the Treasury stockpile until the 1960s, when the remaining examples were released en masse. Examples in mint states will fetch more, with one graded MS65 bringing as much as $1,600, while an MS68 specimen is worth up to $80,000. According to Morgan, Anna’s Greek profile was perfect for the new silver coin, but back then, it was considered disgraceful for a woman to pose as a model. The Morgan dollar resulted from the Free Silver coinage movement.

Morgan Silver Dollar Coin Value (Errors List, “CC”, “O”, “S” & No Mint Mark Worth)

what is the value of a 1885 silver dollar

Circulated coins, on the other hand, will show unmistakable signs of wear on the high points. The details, high points and fields will be smooth on low-grade circulated examples and slightly more visible as you go up the grading scale. Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin. You might be glad to discover that the 1885 silver dollar is worth more than face value. So, this coin can be a good investment whether selling or buying.

what is the value of a 1885 silver dollar

Where to Sell Your 1885 Silver dollar ?

At the suggestion of his friend, Morgan used Anna Willess Williams, a teacher of Philosophy, as the model on the coin’s obverse. The Sherman Silver Purchase Act of 1890 increased the amount of silver the Treasury could buy, but a stock market crisis caused the Act to be repealed in 1893. The Mint stopped making the silver dollar in 1904 when the stockpile decreased. Influential silver miners, looking for an immediate market for their bullion, urged the government to buy silver and produce unlimited coins.

The gold rush of the 1850s to 1860s led to the discovery of large silver deposits in the West. Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth. CoinTrackers.com estimates the value of a 1885 Morgan Silver Dollar in average condition to be worth $30.00, while one in mint state could be valued around $150.00. PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. Very fine- About two thirds of Liberty’s hair lines from above her forehead her ear are visible.

These coins fetch more in their mint state, from $75 for a piece graded MS60 to $65,000 for gem-quality specimens graded MS69 and above. Despite the high mintage, 1885 no mint-mark silver dollars are quite valuable even in the circulated state. Their intrinsic value lies in their silver content, making them desirable among collectors.

  1. You might be glad to discover that the 1885 silver dollar is worth more than face value.
  2. Mint 1885 silver dollars may show signs of bag marks and other minor contact marks but the brilliant luster and detail will be intact throughout the coin.
  3. The 1885 O silver dollar is worth around $48 in very fine condition.

Rare 1885 Silver Dollar Errors List

Check value charts, identify mintmark locations and judge condition using grading images… all combine to accurately discover the value of your old coins. By determining your 1885 dollar is in acceptable condition and with original surfaces identifies collector quality with solid interest. Well defined examples with little or no wear are eagerly sought. The top coin https://forexanalytics.info/ in the image remains bright silver as minted and never saw circulation.

You can look for some things to ensure your 1885 silver dollar is real. First, your coin should weigh about 26.73g, not significantly more or less. Use a pair of callipers to ensure the diameter and thickness are accurate.

In uncirculated condition the price is around $375 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,000. The 1885 O silver dollar is worth around $48 in very fine condition. Uncirculated coins with a grade of MS 65 can sell for around $215. The 1885 CC silver dollar is worth around $625 in very fine condition. In uncirculated condition the price is around $775 for coins with an MS 60 grade.

Collectors who pursue the many VAM (Leroy C. Van Allen and A. George Mallis) varieties may find the 9 biggest virtual reality stocks several die variations to pursue from 1885. If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform. Lady Liberty’s left-facing portrait wearing a Phrygian cap features prominently on the obverse of the 1885 silver dollar. Morgan Dollar’s produced in 1885 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. CoinTrackers has built a tool that will let you know if your coin is silver or not. MS 65 Uncirculated condition- There is strong luster and eye appeal.

Grading Morgan silver dollars involves examining the high points on the obverse and reverse for signs of wear. Morgan silver dollars were not needed for circulation; they were mainly struck as a subsidy to support the silver industry. As such, large quantities of these coins sat in bags at the Treasury vaults, most released in the 1960s.

You should also check for the mint mark location, font size and strike, which tend to be off in fake silver dollars. In circulated condition, expect between $37 and $325 for your 1885-S Morgan silver dollar, depending on the grade. Rare examples in mint state are worth slightly more, with an MS65 bringing as much as $2,150 and a gem-quality MS67 fetching as much as $60,000. Morgan silver dollars are some of the most collectible in the history of United States coinage.

With so many mint state coins readily available, collectors typically focus on the scarce circulated grades, such as the 1885-CC and 1885 Proof silver dollars. Preserve your 1885 Morgan silver dollar value, by careful handling and storage. Because of their large size, silver dollars can receive and inflict nicks and scuffs.

Most surviving circulated examples are graded good to fine, but even these are worth good money. You can expect between $560 and $785 for 1885-CC circulated silver dollars. The Philadelphia mint struck an estimated 17,786,837 silver dollars in 1885, making this the highest mintage that year. As is tradition, the coins from this mint did not have a mint mark.